Inflation Continues To Grow As U.S. Producer Prices Rise 0.2% In October

(Kitco News) – Pipeline inflation pressures rose in October, reversing Septembers’ drop, according to data from the U.S. Labor Department.

Gold Hits 3-Week High On More Short Covering, Weaker U.S. Dollar

(Kitco News) – Gold prices are posting decent gains and hit a three-week high in early U.S. trading Tuesday. Prices pushed above $1,200.00 in overnight dealings.

The 6 P.M. Recap With Gary Wagner: Traders Say Yes, Dollar Says No

Gold rose at the hands of traders and investors early in the day, until they eased up and a stronger dollar weighed on gold prices.

Gold Ends Weaker on Corrective Pullback and Strong U.S. Dollar

Gold prices ended the U.S. day session steady to slightly lower Monday, on a corrective pullback from good gains posted last Friday. A stronger U.S. dollar index Monday also squelched the gold and silver market bulls. Still, the solid upside price act…

Solar-Powered Roads Are Closer Than We Think

It appears that solar-powered roads are becoming a reality after all.

Large Speculators Continue To Cut Bullish Gold Holdings – CFTC

Large speculators continued to cut their bullish Comex gold futures and options holdings, building on momentum seen in the previous report, according to the latest Commodity Futures Trading Commission weekly data.

BAML: Gold Prices Mean ‘Severe Margin Compression’ For Producers

Gold prices below $1,200 an ounce have led to “severe margin compression” for gold-mining companies, says Bank of America Merrill Lynch. The bank says current “macro-economic dynamics” could mean further pressure on gold, although it also doubts the “status quo” will be maintained and would not be surprised if at some point gold began pricing in a somewhat less hawkish Federal Reserve. Meanwhile, BAML reports on some of the sentiment from the London Bullion Market Association gathering in Peru last week. “With gold prices falling below $1,200/oz, miners highlighted severe margin compression,” BAML says. “This has increased the focus on maximizing operational efficiencies. For multi-mine producers, this can include shuttering higher cost operations; re-negotiation of contracts is another avenues pursued. Scrap supply has also fallen in reaction to declining prices, highlighting that automatic stabilizers are at work, although these have not been sufficient to stabilize gold prices for now given the acute lack of investor interest.”

GLD Came At Start Of Gold Bull Run; Demand For Gold ETFs Topped Expectations

(Kitco News) – The launch of the world’s largest gold exchange-traded fund in 2004 couldn’t have had better timing – it was still near the early part of a bull run in gold that lasted for more than a decade.

Was The October Sell-Off In Gold A Bear Trap?

Modest strength in the U.S. dollar is pressuring Comex December gold futures in early action Monday. For now, the 20-day moving average is acting as strong initial resistance for the gold market at $1,191.10 per ounce and that zone is a key short-term…

Empire State Manufacturing Index Rises To 10.2 In November

(Kitco News) -The Empire State manufacturing survey showed that business conditions in the New York region are recovering modestly in November after a dismal October, the New York Federal Reserve said Monday.

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